LONDON,
28 September 2017.
London-based Altavista Investment
Management has received a $50m investment into its new India long-only
investment strategy, an adjunct of the long/short Altavista Capital India Fund
launched in 2011.
The new inflow from a Family Office,
has propelled the firm’s total assets under management to $325m. The new India
long-only strategy, which began trading on 1st June this year, focuses
on investment in dislocated high-quality Indian businesses with attractive
valuations which are experiencing short term market challenges.
The strategy, which is bottom-up
and fundamentals driven, runs a concentrated and unconstrained portfolio with
approximately 15 positions. The strategy is based off the long book of the
Altavista Capital India Fund which has an excellent track record of 18% gross USD
returns p.a. since inception and is up 44% YTD as of end August 2017.
Altavista Investment Management is
run by Arun Agarwal and Vinod Nair who originally met while working at McKinsey
& Co, India. Agarwal and Nair have a
bottom up, fundamental based, long term orientated, contrarian approach to investing.
They look for high quality companies, that are out of favour with the market
due to short term challenges. They are
long term investors, willing to trade near term uncertainty for long term
potential.
